Executive changes

January 16, 2020 - 2:25 pm
NEW YORK (AP) — Gap Inc. says it no longer intends to spin off Old Navy as a separate public company. The retailer said Thursday that its board scuttled the move after determining it would be too costly and complex, especially given the company's recent struggles. Its stock was up about 7% in after...
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FILE - In this Oct. 24, 2019, file photo, Junichiro Hironaka, a lawyer of former Nissan Chairman Carlos Ghosn, attends a press conference in Tokyo. Hironaka, one of the Japanese lawyers for former Nissan Chairman Carlos Ghosn has stepped down from that job after Ghosn fled the country. His move, announced Thursday, Jan. 16, 2020, was widely expected after Ghosn fled to Lebanon late last month. (AP Photo/Koji Sasahara, File)
January 16, 2020 - 12:11 am
TOKYO (AP) — One of the Japanese lawyers for former Nissan Chairman Carlos Ghosn has stepped down from that job after his client fled the country. Junichiro Hironaka had been representing Ghosn in his defense against financial misconduct charges. His move, announced Thursday, was widely expected...
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FILE - In this Oct. 29, 2019, file photo Boeing Company President and Chief Executive Officer Dennis Muilenburg appears before a Senate Committee on Commerce, Science, and Transportation hearing on 'Aviation Safety and the Future of Boeing's 737 MAX' on Capitol Hill in Washington. Former Boeing CEO Dennis Muilenburg will get a nice going-away package — $62.2 million. Boeing said Friday, Jan. 10, 2020 that Muilenburg was contractually entitled to the payout but he won't get extra severance and will forfeit another $14.6 million in stock awards. Muilenburg was fired in late December after the company's poor response to two crashes and the grounding of its best-selling plane, the 737 Max.. (AP Photo/Andrew Harnik, File)
January 10, 2020 - 4:52 pm
The Boeing CEO who was ousted last month for the company’s botched response to two crashes and the grounding of its best-selling plane will walk away with $62.2 million, the company disclosed Friday. Boeing said, however, that Dennis Muilenburg will not get additional severance or a 2019 bonus, and...
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FILE - In this Wednesday, Dec. 11, 2019, file photo, a Boeing 737 Max being built for Norwegian Air International taxis for a test flight, at Renton Municipal Airport in Renton, Wash. Newly released Boeing documents show that company employees knew about problems with flight simulators for the now-grounded 737 Max jetliner and talked about misleading regulators. (AP Photo/Ted S. Warren, File)
Associated Press
January 10, 2020 - 12:06 pm
Boeing employees raised doubts among themselves about the safety of the 737 Max, hid problems from federal regulators and ridiculed those responsible for designing and overseeing the jetliner, according to a damning batch of emails and text messages released nearly a year after the aircraft was...
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January 07, 2020 - 11:46 am
NEW YORK (AP) — Federal prosecutors on Tuesday charged a major donor to President Donald Trump’s inaugural committee with obstructing a federal investigation into whether foreign nationals unlawfully contributed to the inaugural celebrations. The donor, Imaad Zuberi, recently pleaded guilty in a...
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January 01, 2020 - 10:05 am
JOHANNESBURG (AP) — Isabel dos Santos, who is often described as Africa's richest woman, has denounced as “politically motivated" an Angolan court order to seize an estimated $1 billion worth of her assets. Dos Santos, the 46-year-old daughter of former Angolan President Jose Eduardo dos Santos,...
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This undated image released by CourtneyMilan.com shows romance writer Courtney Milan. The Romance Writers of America, which bills itself as the voice of romance writers, has been upended over the way over the way it has treated Milan, a Chinese American writer. The association initially accepted the vote of its ethics committee that Milan had violated the group's code of ethics with negative online comments about other writers and their work. (Jovanka Novakovic/CourtneyMilan.com via AP)
December 27, 2019 - 10:45 am
NEW YORK (AP) — There's not a lot of love at the Romance Writers of America this holiday season. Lots of passion, but not too much love. The organization, which bills itself as the voice of romance writers and cites 9,000 members, has been upended over the way it has treated one of its authors,...
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FILE - In this Nov. 12, 2017 file photo, Emirates President Tim Clark speaks to journalists during a press conference on the opening day of the Dubai Air Show, in Dubai, United Arab Emirates. Clark will retire at the end of June 2020 after 17 years at the helm of the Middle East's biggest carrier. The company confirmed in an email to The Associated Press on Wednesday, Dec. 25, 2019, that Tim Clark, who joined the airline in 1985 when it was first launched, will remain on as an adviser. (AP Photo/Kamran Jebreili, File)
December 25, 2019 - 2:15 am
Dubai, United Arab Emirates (AP) — The president of Dubai-based airline Emirates will retire in June after 17 years at the helm of the Middle East's biggest carrier, the company confirmed Wednesday. Tim Clark, who joined the airline in 1985 when it was first launched, will remain on as an adviser,...
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FILE - In this Feb. 26, 2017, file photo, Uber CEO Travis Kalanick arrives at the Vanity Fair Oscar Party in Beverly Hills, Calif. Former Uber CEO Kalanick will resign from the company's board next week, effectively severing ties with the company he co-founded a decade ago. (Photo by Evan Agostini/Invision/AP, File)
Associated Press
December 24, 2019 - 11:45 am
NEW YORK (AP) — Travis Kalanick, who built Uber into a ride-hailing giant, only to be ousted as CEO over the company's sexist “bro” culture, is cashing out. Kalanick disclosed Tuesday that he has sold off all his Uber stock — estimated at more than $2.5 billion — and is resigning from the board of...
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FILE - In this Oct. 29, 2019, file photo Boeing Company President and Chief Executive Officer Dennis Muilenburg appears before a Senate Committee on Commerce, Science, and Transportation hearing on 'Aviation Safety and the Future of Boeing's 737 MAX' on Capitol Hill in Washington. Muilenburg is resigning amid ongoing problems at the company over the troubled Max 737 aircraft. The board of directors said Monday, Dec. 23 that Muilenburg is stepping down immediately. The board's current chairman David Calhoun will become president and CEO on Jan. 13, 2020. (AP Photo/Andrew Harnik, File)
Associated Press
December 23, 2019 - 2:18 pm
NEW YORK (AP) — Boeing ousted CEO Dennis Muilenburg on Monday with no end in sight to the crisis that has engulfed the vaunted American aircraft manufacturer since the crash of two of its 737 Max airliners. The Boeing board had supported Muilenburg for months despite calls for his resignation from...
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